Bitcoin Surges Above $77,000 Amid Easing Tensions

Bitcoin's price has bounced back above $77,000 as major altcoins follow suit.

The gains are largely attributed to expectations of a near-term easing in tensions after U.S. President Donald Trump signaled an extension of the ceasefire with Iran.

The market is closely watching geopolitical risks surrounding the Middle East, particularly the continued blockade of the Strait of Hormuz.